Black Hawk Acquisition Corporation (NASDAQ:BKHA) Shares Shorted: Short Interest Up 845.3% in September

Black Hawk Acquisition Corporation (NASDAQ:BKHA) was the target of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 501 shares, a growth of 845.3% from the September 15th total of 53 shares. Based on an average daily volume of 16,592 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

Black Hawk Acquisition Stock Performance

NASDAQ:BKHA traded down $0.80 during mid-day trading on Friday, reaching $11.53. The stock had a trading volume of 1,974 shares, compared to its average volume of 7,758. Black Hawk Acquisition has a 12 month low of $11.00 and a 12 month high of $13.15. The stock has a 50-day simple moving average of $12.00 and a two-hundred day simple moving average of $11.99.

Black Hawk Acquisition (NASDAQ:BKHA) last released its earnings results on Tuesday, October 6th. The company reported $0.26 earnings per share for the quarter.

Institutional Trading of Black Hawk Acquisition

An institutional investor recently raised its position in Black Hawk Acquisition stock. Clear Street Group Inc. raised its holdings in Black Hawk Acquisition Corporation (NASDAQ:BKHA) by 11.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 59,031 shares of the company’s stock after acquiring an additional 6,158 shares during the period. Clear Street Group Inc. owned about 1.42% of Black Hawk Acquisition worth $664,000 at the end of the most recent quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Black Hawk Acquisition in a research note on Friday, July 17th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock has an average rating of “Sell”.

About Black Hawk Acquisition

Black Hawk Acquisition Corporation (NASDAQ: BKHA) is a special purpose acquisition company (SPAC). The company was formed to identify and complete a business combination with an operating company, such as a merger, acquisition, stock purchase, or similar transaction.

As a blank-check company, Black Hawk Acquisition does not have established operating businesses, products, or services of its own. Its activities are focused on evaluating potential acquisition opportunities and completing a transaction that would result in a combined public company.

Publicly available information about Black Hawk Acquisition’s specific target industry, geographic focus, and leadership is limited.